Income Based Repayment Plans

QUESTION: Should I apply for income based repayment plans?

ANSWER: Yes, always apply every year for each loan you have. Income based repayment plans allow you to pay what you can afford on your student loans. To greatly improve your odds of wiping out your student loans in bankruptcy, you should apply for repayment plans every year. For federal loan repayment options, click here. Your private loans may not offer income based repayment options – apply anyway. And keep copies of your letters requesting income contingent repayment options.

Income Based Repayment Plans

Ask all your student loan companies about income based repayment options, even if they are not currently available to you. Click here to learn about repayment plans for federal loans.

Income and Expense Budgets

Keep all copies of the letters you send asking about repayment options. You may need to show them to the court later.

Use our free guide to improve your odds at wiping out your student loans. For a free LARGE PRINT softbound copy of our 84-page guide book, call 503-201-4570. To read the guide as a free eBook, click here.

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Our Pro Bono Mission

Our mission is simple: help wipe out as many student loans in Oregon bankruptcy courts as possible. This website, and the free 84-page Oregon Student Debt guide, are a pro bono project by Portland attorney Michael Fuller.
Michael Fuller practices consumer law as a partner at Olsen Daines PC. He teaches consumer law as an adjunct professor at Lewis & Clark Law School.